Unsoo Kim, the MD of Hyundai Motor India Limited (HMIL) has stated that the company has lined up as many as 26 vehicle launches for the Indian market over the upcoming five years (till 2030). These 26 models will comprise 20 Internal Combustion Engine-ed (ICE) vehicles and six Electric Vehicles (EVs). While quite a few of these will be new vehicles, this portfolio will also include generational updates to existing models as well as facelifts in addition to the new cars. Tarun Garg, COO of HMIL has stated that the company will launch at least eight all-new models during this period, which will include hybrid vehicles.
The company seems keen to explore new avenues apart from ICE vehicles and EVs as it has also recently signed an MoU with Indian Oil to conduct a feasibility study for hydrogen FCEVs, during which a Hyundai NEXO FCEV (supplied by Hyundai) will be driven up to 40,000km over the next two years. This study is set to provide valuable insights in gauging the feasibility of mass usage of hydrogen propulsion in the country, a fuel source which as of yet, remains relatively unexplored in India and is expected to gain traction in coming years.
Furthermore, the company has allotted ₹7,000 crore for capital expenditure during FY26, the majority of which will be funnelled towards its newly-acquired third production facility in Maharashtra and also for expanding and refreshing its product lineup. The automaker acquired General Motors’ erstwhile production facility in Talegaon near Pune in Maharashtra in 2024 and is renovating and expanding the same at considerable pace. Once the facility becomes operational later this year, HMIL will have three production facilities in India including its two existing plants in Irungattukottai and Sriperumbudur. The maximum total output from all three facilities combined will exceed 10 lakh units annually.
Established on May 06, 1996, HMIL recently celebrated 29 years of operation. In its nearly three decades of existence, the Korean brand has achieved sales of over 90 lakh units in the Indian domestic market and has further exported over 30.70 lakh vehicles to more than 150 foreign countries, making it one of the largest exporters of Indian-made automobiles. 2024 was Hyundai’s best year in India with a total domestic sale of 6,05,429 units. India remains a critical market for Hyundai considering HMIL’s sales contributed 14.61 percent to Hyundai’s global sales figures for 2024, which stood at 40.14 lakh units.
